This is a pretty cool little toy that Microsoft has released, under the name Deepfish. This project is compiled with different technology from companies like Sea Dragon and the imaging is managed by the company Photosynth. Both of these are companies that have highly specialized technology for the mobile browsing market.
This is a free little browser being offered and you wont have to wait for it to be sent through your carrier, you can get it now.
From the Microsoft labs:
Deepfish is a lightweight client application that leverages a powerful server side technology for delivery of content such as web pages to a Windows Mobile device. Content is displayed in a familiar desktop format that requires no additional work by the content or site author.
Deepfish provides:
• A familiar look and feel of web pages on mobile as seen on desktop.
• Bandwidth optimized rendering for faster content delivery.
• Address bar web navigation.
• Intuitive zooming, panning and cue map for quick navigation and browsing.
• Support for simple link navigation and form submission.